Los Blancos have released a statement on their official website stating: "Real Madrid C.F. and Bayern Munich have reached an agreement for the transfer of Xabi Alonso.

"The player will speak to the media today (Friday) at 11:00h in the Santiago Bernabéu press room, alongside director of Institutional Relations, Emilio Butragueño."

Alonso will move to the Allianz Arena after Guardiola's midfield options were dealt a major blow.

Thiago Alcantara's comeback from a knee injury recently hit a setback, while fellow Spanish international Javi Martinez was recently ruled out for the season after picking up an injury in the Super Cup defeat by Borussia Dortmund.

Additionally, World Cup winner Bastian Schweinsteiger has also been struggling for fitness.